Special Focus: How is the Syria Crisis Impacting Local Markets? January 2013

• This focus on Syria is an update of the Special Focus on Syria in June 2012 (Market Monitor No. 16).

• Overall the purchasing power of Syrians has deteriorated sharply. The average monthly inflation rate for 2012 was extremely high; at +32%. In comparison, Syria experienced a monthly inflation rate of +16% at the time of the 2008 global food price crisis.

• In addition to conflict related population displacement, food security is negatively impacted by a substantial loss of purchasing power, and market disruptions. Numerous distribution channels for wheat and bread (the major source of calories for households) have been badly disrupted.